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May 27, 2013

Top 25 Best Value Colleges: 2013

Out of 1,511 schools studied, these 25 had the greatest payoff for graduates over the course of a 30-year career

Many factors can be used in determining which college to attend. Big school. Small school. Cost. Networking. Whether it offers the desired course of study. Whether graduates can expect a high starting salary.

All of those are fine, but with the cost of an education rising to astronomical heights, a better strategy might be to look at college the way you would view any other investment. Fortunately, payscale.com has collected data to determine how colleges fare in terms of return on investment (ROI), which some may call “bang for the buck” but ThinkAdvsior will call “best value.”

Most of the schools are private, but some state institutions made the list. In fact, three schools, including the top one on the list, made it twice, once each for in-state and out-of-state students.

The methodology payscale.com used to compare 1,511 schools in the U.S. includes only data on graduates who earned bachelor’s degrees. We thought it was interesting to look at the rankings based on annualized ROI. The annualized ROI, the site says, “is the earnings differential divided by the weighted cost for a 2012 graduate, annualized to represent the percent of expected ROI received each year after graduation.” For most schools, the confidence payscale.com has in its calculations is 90%, with an error rate of plus or minus 5%.